The retail industry is breathing a sigh of relief after it appeared to avoid the worst case scenario on Vietnam tariffs

We anticipate Nintendo will pass nearly all tariff-related costs to U.S. consumers, resulting in an estimated 18–20% price increase,’ Wedbush analyst Alicia Reese wrote on Thursday.

President Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports.